For the quarter ending 2025-09-30, PGR had $50M increase in cash & cash equivalents over the period. $5,129M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 2,615 | 3,175 | 2,567 | 2,356.5 |
| Depreciation | 81 | 79 | 70 | 75.8 |
| Net amortization (accretion) of fixed-income securities | 26 | 34 | 21 | 6.5 |
| Amortization of equity-based compensation | 42 | 32 | 16 | 36.2 |
| Net realized (gains) losses on securities | 295 | 387 | -212 | -52.7 |
| Net (gains) losses on disposition of property and equipment | -1 | 2 | -3 | -14.9 |
| Goodwill impairment | - | - | - | 0 |
| Premiums receivable | 113 | -405 | 2,442 | -766.2 |
| Reinsurance recoverables | -90 | -252 | -316 | -116.6 |
| Prepaid reinsurance premiums | -48 | -43 | -43 | 124.8 |
| Deferred acquisition costs | 54 | 42 | 107 | -70.2 |
| Income taxes | 35 | -840 | 667 | 8.8 |
| Unearned premiums | 487 | -277 | 2,754 | -914.8 |
| Loss and loss adjustment expense reserves | 951 | 1,332 | 765 | 995.7 |
| Accounts payable, accrued expenses, and other liabilities | 1,529 | 216 | 334 | -364.3 |
| Other, net | 196 | -88 | 34 | 75.9 |
| Net cash provided by operating activities | 5,195 | 4,040 | 5,143 | 3,007.3 |
| Fixed maturities | 8,558 | 9,030 | 17,324 | 11,942.5 |
| Equity securities | 56 | 1 | 86 | 57.4 |
| Fixed maturities | 434 | 2,365 | 14,721 | 7,051.5 |
| Equity securities | 31 | 2 | 149 | 45.1 |
| Fixed maturities | 2,263 | 2,056 | 1,950 | 2,256.2 |
| Equity securities | 63 | 90 | 87 | -0.2 |
| Net (purchases) sales of short-term investments | -604 | -535 | 1,964 | -146.7 |
| Net change in unsettled security transactions | 220 | 6 | 172 | -343.1 |
| Purchases of property and equipment | 66 | 102 | 59 | 110.2 |
| Sales of property and equipment | 18 | 39 | 13 | 12.5 |
| Net cash used in investing activities | -5,047 | -4,040 | -2,341 | -2,941.4 |
| Dividends paid to common shareholders | 58 | 59 | 2,695 | 58.9 |
| Acquisition of treasury shares for equity award tax liabilities | 37 | 1 | 54 | 0.3 |
| Acquisition of treasury shares acquired in open market | 3 | 12 | - | 13 |
| Redemption of preferred shares | 0 | 0 | 0 | 0 |
| Net proceeds from debt issuance | - | - | - | 0 |
| Dividends paid to preferred shareholders | 0 | 0 | 0 | 0.2 |
| Net cash used in financing activities | -98 | -72 | -2,749 | -59.3 |
| Increase in cash, cash equivalents, restricted cash, and restricted cash equivalents | 50 | -72 | 53 | 6.6 |
| Cash and cash equivalents at beginning of period | 135 | 207 | 154 | 147 |
| Cash and cash equivalents at end of period | 185 | 135 | 207 | 154 |
PROGRESSIVE CORP OH (PGR)
PROGRESSIVE CORP OH (PGR)